PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by TCW Group Inc.

TCW Group Inc. boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 110.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,847 shares of the credit services provider’s stock after acquiring an additional 15,672 shares during the period. TCW Group Inc.’s holdings in PayPal were worth $2,547,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PYPL. Allworth Financial LP lifted its stake in shares of PayPal by 11.4% in the 3rd quarter. Allworth Financial LP now owns 5,727 shares of the credit services provider’s stock worth $447,000 after acquiring an additional 588 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in PayPal by 40.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 73,537 shares of the credit services provider’s stock valued at $5,738,000 after purchasing an additional 21,002 shares during the period. Financial Management Professionals Inc. boosted its holdings in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares in the last quarter. State of Alaska Department of Revenue increased its position in PayPal by 4.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 118,762 shares of the credit services provider’s stock worth $9,266,000 after purchasing an additional 5,005 shares during the period. Finally, J.W. Cole Advisors Inc. raised its stake in shares of PayPal by 62.8% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 10,348 shares of the credit services provider’s stock worth $807,000 after buying an additional 3,991 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Performance

Shares of PYPL stock opened at $75.25 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $74.44 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The company has a 50 day moving average price of $84.86 and a 200 day moving average price of $80.96.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.48 earnings per share. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of analyst reports. BMO Capital Markets lifted their price target on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company restated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Finally, Canaccord Genuity Group increased their target price on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.52.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.